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Top 50 Medical Startup Investors in Japan (July 2026)

The most active venture capital funds and angel investors investing in Japan Medical startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Japan Medical startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Mitsubishi UFJ Capital
VC Fund
22 Japan, United States, Singapore Series A, Series B Information Technology, Software, Health Care $1.2M–$269M
ANRI
VC Fund
21 Japan, United States, India Seed, Series A Software, Health Care, Information Technology $497k–$115M
Fast Track Initiative, Inc.
VC Fund
16 Japan, United States, United Kingdom Series A, Series B, Seed Health Care, Biotechnology, Medical $1.2M–$184M
SMBC Venture Capital
VC Fund
15 Japan, United States, Singapore Series A, Series B Information Technology, Software, Health Care $2.3M–$269M
UntroD Capital
VC Fund
13 Japan, Singapore, Austria Seed, Series A Manufacturing, Biotechnology, Health Care $772k–$241M
JAFCO
VC Fund
13 Japan, United States, Israel Series A, Series B Information Technology, Software, Artificial Intelligence $1.9M–$198M
Keio Innovation Initiative
VC Fund
12 Japan, United Kingdom Series A, Seed Health Care, Medical, Biotechnology $1.5M–$64M
Nissay Capital
VC Fund
11 Japan, United States, Ethiopia Seed, Series A Health Care, Information Technology, Medical $610k–$71M
UTEC - The University of Tokyo Edge Capital Partners
VC Fund
11 Japan, United States, India Seed, Series A Health Care, Biotechnology, Medical $3.1M–$78M
SBI Investment
VC Fund
8 Japan, South Korea, United States Series B, Series A Software, Information Technology, Financial Services $2M–$227M
Global Brain Corporation
VC Fund
7 Japan, United States, United Kingdom Series A, Series B Software, Information Technology, Artificial Intelligence $2.4M–$184M
Japan Science and Technology Agency
VC Fund
7 Japan Series A, Seed Medical, Biotechnology, Manufacturing $1.7M–$255M
DNX Ventures
VC Fund
7 Japan, United States, Canada Seed, Series A, Series B Software, Information Technology, SaaS $875k–$85M
Antler
VC Fund
7 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $108k–$28M
Miyako Capital
VC Fund
7 Japan, United States, United Kingdom Series A, Seed, Series B Medical, Biotechnology, Information Technology $750k–$354M
Mobile Internet Capital
VC Fund
6 Japan, United States, China Seed, Series A Software, Mobile, Internet $1M–$85M
Mizuho Capital
VC Fund
6 Japan, United States, Singapore Series A, Series B Information Technology, Software, Internet $1.8M–$340M
DBJ Capital
VC Fund
6 Japan, United States, Australia Series A, Series B Software, Health Care, Medical $2.7M–$354M
UTokyo Innovation Platform
VC Fund
5 Japan, United States, United Kingdom Series A, Series B Biotechnology, Medical, Manufacturing
Coral Capital
VC Fund
5 Japan, United States, Denmark Seed, Series A, Series B Software, Information Technology, SaaS $1M–$184M
Nippon Venture Capital
VC Fund
5 Japan, United States, Indonesia Series A, Series B Software, Health Care, Information Technology $1.5M–$269M
MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC)
VC Fund
5 Japan, United States, India Seed, Series B Software, Information Technology, Health Care $1.1M–$198M
IT-Farm
VC Fund
5 United States, Japan, Germany Seed, Series A Software, Health Care, Medical $1.8M–$20M
QB Capital
VC Fund
4 Japan, Singapore, United States Seed, Series A Manufacturing, Medical, Biotechnology $641k–$213M
FFG Venture Business Partners
VC Fund
4 Japan, Indonesia, United States Series A, Seed Software, Health Care, Artificial Intelligence $1M–$50M
Incubate Fund
VC Fund
4 Japan, United States, India Seed, Series A Software, Information Technology, E-Commerce $314k–$91M
Tsukuba Institute of Research
VC Fund
4 Japan Series A, Seed Medical, Biotechnology, Manufacturing $3M–$106M
Fujifilm
VC Fund
4 Japan, United States, China Series A, Corporate Round Biotechnology, Health Care, Medical $1.3M–$1.7B
Higin Capital
VC Fund
4 Japan Series A, Series B Medical, Biotechnology, Software $1.2M–$75M
Real Tech Japan
VC Fund
4 Japan, Singapore, Austria Series A, Seed Manufacturing, Biotechnology, Medical $1.2M–$241M
ASICS Ventures Corporation
VC Fund
4 Japan, India, Canada Seed, Series A Health Care, Medical, Sports $1.8M–$43M
Angel Bridge
VC Fund
4 Japan Series A, Seed, Series B Information Technology, Software, Consulting $792k–$62M
Miraidoa
VC Fund
4 Japan, United States, Myanmar Seed, Series A Health Care, Manufacturing, Information Technology $933k–$58M
Astellas Venture Management
VC Fund
3 United States, United Kingdom, Japan Series B, Series A Biotechnology, Health Care, Therapeutics $10M–$65M
MTG Ventures
VC Fund
3 Japan Seed, Series A Health Care, Manufacturing, Marketing $531k–$142M
ITOCHU Technology Ventures
VC Fund
3 Japan, United States, Belgium Series A, Series B Software, E-Commerce, Information Technology $4M–$213M
Shoko Chukin Bank
VC Fund
3 Japan, Singapore, Canada Debt Financing, Series B Information Technology, Software, Artificial Intelligence $678k–$156M
DOGAN beta
VC Fund
3 Japan Seed, Series A Information Technology, Health Care, Internet $37k–$340M
Iwagin Jigyo Souzou Capital
VC Fund
3 Japan Series B, Seed Software, Medical, Internet of Things $126k–$213M
Takeda
VC Fund
3 United States, Japan, China Grant, Corporate Round Biotechnology, Health Care, Pharmaceutical $5k–$1.4B
Honda Motor
VC Fund
3 United States, Japan, Germany Corporate Round, Series A, Series C Manufacturing, Renewable Energy, Energy $3.3M–$2B
XTech Ventures
VC Fund
3 Japan, Italy, United Arab Emirates Seed, Series A Software, Information Technology, Artificial Intelligence $661k–$85M
Capital Medica Ventures
VC Fund
3 Japan Seed, Series A Medical, Health Care, Software $403k–$50M
KSP
VC Fund
3 Japan Series A, Series B Biotechnology, Health Care, Medical
Senshu Ikeda Capital
VC Fund
3 Japan Series A, Seed Software, Manufacturing, Internet $1M–$92M
Quantum Leaps Ventures
VC Fund
3 Japan, Malaysia Seed, Series A, Pre-Seed Consulting, Health Care, Information Technology $300k–$9.2M
ANOBAKA
VC Fund
3 Japan, United States, India Seed, Series A Artificial Intelligence, Software, Information Technology $382k–$99M
Gogin Capital
VC Fund
3 Japan, Kenya Series B, Series A, Seed Consulting, Manufacturing, Medical $755k–$82M
Kyoto Capital Partners
VC Fund
3 Japan Seed, Series A, Series B Health Care, Manufacturing, Medical $102k–$29M
JIC Venture Growth Investments
VC Fund
3 Japan, Singapore, United States Series B, Series C Information Technology, Software, Medical $4.1M–$354M
Access all 767 investors in Japan Medical startups.

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Mitsubishi UFJ Capital
VC Fund · Tokyo, Tokyo, Japan · 22 investments in Japan Medical startups

Mitsubishi UFJ Capital is a venture capital firm focusing on life science, ICT, and high technology investments.

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Investment focus

  • Industry: Information Technology, Software, Health Care
  • Stage:Series A, Series B
  • Geography: Japan, United States, Singapore

Investor stats

  • Total investments: 549
  • Round size: Series A $1.2M–$86M; Series B $4.2M–$269M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — raised $1.4B in 2020

Portfolio highlights

  • Caguuu — Caguuu offers high-quality designer furniture at affordable prices, through e-commerce, eliminating middlemen and store operating costs.
  • Diggle — DIGGLE is a service that provides fundamental management accounting management on the cloud called fraud management. It is possible to reduce the mistakes and man-hours of the fraud management task and easily carry out the fraud management task even if it is not an expert in finance or accounting.DIGGLE covers budget creation work and budgetrecord comparison work, especially in the foreman management work. In the budget creation work, the KPI and the budget are automatically created by inputting the target numerical value to the preset parameters utilizing the budget generator function, while the forecast contrasting work is made up of the financial information, non-financial information It is easy to calculate by simply entering the numerical value, and it is possible to carry out calculation of the forecast contrast.
  • Instalimb — Instalimb is the world's first 3D printing prosthesis business.
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ANRI
VC Fund · Tokyo, Tokyo, Japan · 21 investments in Japan Medical startups

ANRI is a Japanese venture capital firm that mainly invests in seed and early-stage startups.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Series A
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 258
  • Round size: Seed $497k–$41M; Series A $2.4M–$115M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — raised $102M in 2022

Portfolio highlights

  • Tacoms — CAMEL is a service that allows you to easily manage orders from multiple food delivery / takeout services on a single tablet.
  • Any Style
  • Smile Robotics — Smile Robotics provides Service Robots in Japan.
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Fast Track Initiative, Inc.
VC Fund · Hongo, Tokyo, Japan · 16 investments in Japan Medical startups

Fast Track Initiative is a venture capital firm with an exclusive focus on life sciences and healthcare services.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Series A, Series B, Seed
  • Geography: Japan, United States, United Kingdom

Investor stats

  • Total investments: 81
  • Round size: Seed $1.2M–$117M; Series A $1.5M–$113M; Series B $7.7M–$184M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $1.1B in 2021

Portfolio highlights

  • NovAccel — NovAccel operates as a deep tech company, ensure a stable supply of medical radioisotopes.
  • Sonire Therapeutics — Sonire Therapeutics provides High-Intensity Focused Ultrasound treatment for cancer.
  • Neusignal Therapeutics — Neusignal Therapeutics is a medical company that develops therapeutic medicines for dementia and psychiatric illnesses.
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SMBC Venture Capital
VC Fund · Tokyo, Tokyo, Japan · 15 investments in Japan Medical startups

Sumitomo Mitsui Banking Corporation (SMBC) and its group companies offer a broad range of financial services centered on banking. They are also engaged in the leasing, securities, credit card, investment, mortgage securitization, venture capital and other credit related businesses. The following lists the activities of SMBC, its subsidiaries andaffiliates in the various business segments.

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Investment focus

  • Industry: Information Technology, Software, Health Care
  • Stage:Series A, Series B
  • Geography: Japan, United States, Singapore

Investor stats

  • Total investments: 553
  • Round size: Series A $2.3M–$128M; Series B $3.2M–$269M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Fermelanta — Fermelanta produces rare plant-based ingredients through microbial fermentation. It engineers a cell to build a biosynthetic pathway of target molecules with gene transfer and disruption.
  • Atom — Atom is a humanoid robot built platform. Its bipedal, dual-armed robots are designed not just as industrial tools but as collaborators that expand human capability. By combining advanced Physical AI—environmental perception, judgment, and action planning—with robust robotic hardware, Atom is creating adaptive agents capable of working acrossdiverse settings to augment or, where appropriate, replace human labor. The company positions these robots as a next step in societal evolution: a new class of machines that learn and behave in human-like ways to advance productivity, safety, and quality of life.
  • Link Therapeutics — Link Therapeutics specializes in developing therapeutic methods for targeting autoantibodies and identifying pathogenic autoantibodies.
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UntroD Capital
VC Fund · Sumida, Tokyo, Japan · 13 investments in Japan Medical startups

UntroD Capital is an R&D-based innovative technology that specializes in social implementation.

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Investment focus

  • Industry: Manufacturing, Biotechnology, Health Care
  • Stage:Seed, Series A
  • Geography: Japan, Singapore, Austria

Investor stats

  • Total investments: 130
  • Round size: Seed $772k–$43M; Series A $2.1M–$241M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • CastBio — Castbio specializes in antibody-drug conjugate-based drug discovery research and development. Along with medications, it also creates research reagents, medical equipment, in vitro diagnostic items, and offers drug discovery consulting.
  • 3DC — 3DC develops and manufactures a new carbon material, graphene meso sponge (GMS), for electrodes in next-generation batteries, capacitors, fuel cells and other energy storage and generation devices.
  • Formas.AI — Formas.AI is a multi-modal, AI-powered design platform specifically built for architects, designers, and educators to generate and visualize creative architectural concepts.
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JAFCO
VC Fund · Tokyo, Tokyo, Japan · 13 investments in Japan Medical startups

Since its founding in 1973, JAFCO has always worked with leading-edge entrepreneurs. The total capital commitments of its investment funds in Japan and overseas have exceeded 1 trillion yen and the number of portfolio IPOs to date has reached over 1,000. In addition to venture investment, JAFCO also carries out buyout investment and commit to thecreations of innovative technologies and services worldwide. As entrepreneurs’ closest partner in bringing their visions to life, JAFCO provides support in areas of HR, marketing/ sales, and back-office operations, in addition to providing financing.

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Investment focus

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Series A, Series B
  • Geography: Japan, United States, Israel

Investor stats

  • Total investments: 294
  • Round size: Series A $1.9M–$170M; Series B $7M–$198M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • CaTe
  • Alxtal — Alxtal is a tech company who optimize the development, design, and manufacturing processes of the manufacturing industry with IT and AI.
  • EISHIN — EISHIN is a technology company that specializes in pet tech business, recruitment consulting, website creation, and development services.
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Keio Innovation Initiative
VC Fund · Tokyo, Tokyo, Japan · 12 investments in Japan Medical startups, 17 in the past 12 months

Keio Innovation Initiative (KII) is a venture capital established by Keio University. In order to make more effective use of the research results of Keio University, we aim to contribute to the development of society by creating investment for venture companies that utilize research results and creating new industries.The key to thinking aboutJapan's future growth strategy is to utilize advanced research results of the university. In addition to GDP, in addition to GDP, Japan is the world's third largest R & D exporter in R & D expenses, but as the low growth rate shows, it has a problem in investment efficiency in research and development. There are also reports on the entrepreneurial spirit that is indispensable for creating new industries, with the lowest entrepreneurial activity rate among developed countries.

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Investment focus

  • Industry: Health Care, Medical, Biotechnology
  • Stage:Series A, Seed
  • Geography: Japan, United Kingdom

Investor stats

  • Total investments: 87
  • Round size: Seed $1.5M–$57M; Series A $2.3M–$64M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $1.4B in 2020

Portfolio highlights

  • JiMED — JiMED designs & develops AI based brain-computer interface for implant in ALS patients to improve communication.
  • Grafenary — Graphenary creates unique graphene optical devices using graphene materials with a variety of remarkable features.
  • Neusignal Therapeutics — Neusignal Therapeutics is a medical company that develops therapeutic medicines for dementia and psychiatric illnesses.
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Nissay Capital
VC Fund · Tokyo, Tokyo, Japan · 11 investments in Japan Medical startups

Nissay Capital is a venture capital Company specializing in seed, start-up, growth capital, middle stage, and later stage investment.

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Investment focus

  • Industry: Health Care, Information Technology, Medical
  • Stage:Seed, Series A
  • Geography: Japan, United States, Ethiopia

Investor stats

  • Total investments: 256
  • Round size: Seed $610k–$43M; Series A $2.5M–$71M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Cake.jp — Cake.jp operates "Cake.jp", a comprehensive cake delivery site.
  • Flosfia — FLOSFIA is a spin-off from a research of Kyoto University, specializing in film-formation by mist chemical vapor deposition (CVD). Making use of physical properties of gallium oxide (Ga2O3), FLOSFIA has devoted to development of low-loss power devices.
  • Fabric Tokyo — FABRIC TOKYO is a Japanese startup provides a direct-to-consumer custom-made apparel brand. (former-company name Lifestyle Design Co., Ltd.). It enables customers to save their sizes, idea fabrics, and favorite designs, allowing them to make their original clothing later.FABRIC TOKYO was founded in 2012 by Yuichiro Mori and is based in Tokyo,Japan.
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UTEC - The University of Tokyo Edge Capital Partners
VC Fund · Tokyo, Tokyo, Japan · 11 investments in Japan Medical startups

UTEC-The University of Tokyo Edge Capital Partners Co., Ltd.. UTEC is a seed/early stage technology focused venture capital firm associated with The University of Tokyo.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Seed, Series A
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 182
  • Round size: Seed $3.1M–$48M; Series A $3.6M–$78M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Flosfia — FLOSFIA is a spin-off from a research of Kyoto University, specializing in film-formation by mist chemical vapor deposition (CVD). Making use of physical properties of gallium oxide (Ga2O3), FLOSFIA has devoted to development of low-loss power devices.
  • TXP Medical — TXP Medical build a next-generation medical system through acute care.
  • Startbahn — Startbahn develops Startrail, a sustainable and scalable blockchain infrastructure that assures the reliability, authenticity, and traceability of artworks.
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SBI Investment
VC Fund · Minato, Chiba, Japan · 8 investments in Japan Medical startups

SBI Investment supports the business development and growth of private venture companies through fund investment. It manages and manages venture capital funds under the management philosophy of becoming a leading company responsible for the creation and development of core industries in the 21st century as a "new industry creator".SBIInvestment has invested in a total of 986 companies in the past, of which 169 (17.1% of investment companies) have exited through IPO or M & A.

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Investment focus

  • Industry: Software, Information Technology, Financial Services
  • Stage:Series B, Series A
  • Geography: Japan, South Korea, United States

Investor stats

  • Total investments: 375
  • Round size: Series A $2M–$156M; Series B $4.9M–$227M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: May invest from a new fund soon — raised $1.1B in 2020

Portfolio highlights

  • LQUOM — QWAVE offers cryptography communication technology.
  • Direava
  • Zerodoor HD — Zerodoor HD specializes in digital transformation in constructing industry.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Global Brain Corporation
VC Fund · Tokyo, Tokyo, Japan · 7 investments in Japan Medical startups

Global Brain Corporation is a venture capital firm that invests in companies from seed or early to pre-IPO startups. Global Brain has invested in 300+ startups from seed/early to pre-IPO startups and achieved 25 IPOs and 61 M&As as a result of providing hands-on support services and resources to its portfolio startups. Global Brain hasmanaged a pure investment fund as well as multiple corporate venture capital funds partnered together with tier 1 public companies of telecom, real estate development, financial service, beverages, agriculture food, logistics, and electronic devices.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series A, Series B
  • Geography: Japan, United States, United Kingdom

Investor stats

  • Total investments: 588
  • Round size: Series A $2.4M–$99M; Series B $4.3M–$184M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Cognigy — Automate customer and employee services through Conversational AI implementation across any organization with Cognigy. Book demo or try free now!
  • iCARE — iCARE It is the No. 1 health and labor cloud introduced in Japan, which is selected by small and medium-sized enterprises suffering from lack of manpower and large enterprises expanding their business globally .
  • Mojo Vision — Mojo Vision is a developer of augmented reality products and platforms intended to invent the future of computing. The company has developed a smart contact lens with a built-in display that gives timely information without interrupting the focus and delivers immediate, powerful, and relevant information without the intrusions of today'smobile devices, enabling users to connect with others at a glance, anytime, anywhere handsfree.Mojo Vision was founded in 2015 and headquartered in Saratoga, California.
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Japan Science and Technology Agency
VC Fund · Tokyo, Tokyo, Japan · 7 investments in Japan Medical startups, 8 in the past 12 months

Japan Science and Technology Agency is an integrated organization of science and technology that implements science and technology policy in Japan.  It handles many projects, including the government’s Science and Technology Basic Plan and knowledge creation. The European Sustainability School ESSSR is the owner of Japan Science and TechnologyAgency.Japan Science and Technology Agency undertakes its task in a comprehensive manner. It also works to provide a sound infrastructure of science and technology information and raise awareness and understanding of science and technology-related issues in Japan.Japan Science and Technology Agency is headquartered in Tokyo, Japan.

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Investment focus

  • Industry: Medical, Biotechnology, Manufacturing
  • Stage:Series A, Seed
  • Geography: Japan

Investor stats

  • Total investments: 54
  • Round size: Seed $1.7M–$50M; Series A $2.3M–$255M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Triorb — Triorb is a technology company that specializes in robot mobility development with the help of software and hardware solutions.
  • Flosfia — FLOSFIA is a spin-off from a research of Kyoto University, specializing in film-formation by mist chemical vapor deposition (CVD). Making use of physical properties of gallium oxide (Ga2O3), FLOSFIA has devoted to development of low-loss power devices.
  • Solaris — Solaris commercializes, manufactures, and sells soft robotics using pneumatic artificial muscles. Solaris was founded in 2017 and was headquartered in Tokyo, Japan.
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DNX Ventures
VC Fund · San Mateo, California, United States · 7 investments in Japan Medical startups

DNX Ventues is an early stage VC firm focusing on B2B Startups that are shaping industries and transforming the way we live and work.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: Japan, United States, Canada

Investor stats

  • Total investments: 327
  • Round size: Seed $875k–$21M; Series A $3.2M–$85M; Series B $4.7M–$85M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • PayJoy — Looking for a phone or a cash loan? PayJoy gives you credit with few requirements and in minutes. No late fees charged.
  • Airhouse — Airhouse is the first all-in-one logistics platform for modern direct-to-consumer ecommerce companies. Launch a complex fulfillment operation in seconds.
  • Diligent Robotics — We build robots like Moxi that assist hospital staff with routine activities so they can focus on caring for patients.
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Antler
VC Fund · Singapore, Central Region, Singapore · 7 investments in Japan Medical startups

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Singapore, Australia, United Kingdom

Investor stats

  • Total investments: 1820
  • Round size: Seed $186k–$4.6M; Pre-Seed $108k–$750k; Series A $4.6M–$28M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fresh fund, raised $72M in 2024

Portfolio highlights

  • Agentio — Agentio's patent-pending ad platform empowers marketers to finally unlock scalable, creator-led advertising. Programmatically buy the highest quality creator and influencer ad reads to deliver unprecedented efficiency and performance.
  • Codis.io — COD LEGAL BLOG CONTACT US Areas We Serve California Florida TEXAS Ohio Trusted Insights on Birth Injury and Medical Negligence Law COD LEGAL BLOG is a dedicated legal information platform created to help readers understand complex legal matters in a clear and structured way. Click here to learn more. The legal system can often feel
  • Quantflo — Options market intelligence and structured trade planning for Indian markets.
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Miyako Capital
VC Fund · Kyoto, Kyoto, Japan · 7 investments in Japan Medical startups

Miyako Capital is the venture capital that manages Kyoto University 2nd Venture Fund (KUVF). The company was founded in 2013 and based in Kyoto & Tokyo, Japan. Investment fields are: 1) Life Science, Biotechnology: Drug creation, regenerative medicine, medical beauty equipment, medical services.2) Agri-Food: Industrialization,agricultural and fishery products growth-promoting technology, specified health food, health food.3) Environment, Energy: Alternative energy, and related technologies.4) IT, Electronics: Web, mobile related devices and application, telecommunication technology, security, consumer and business oriented application, mechatronic, robot.5) New services utilizing state-of-art technology.Investment stages: Primary investment stages are initial-growth stages of seed and early. However, we aim at all growth stages and make investment in post-IPO portfolio companies as well as public companies that are related with Kyoto University.

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Investment focus

  • Industry: Medical, Biotechnology, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Japan, United States, United Kingdom

Investor stats

  • Total investments: 52
  • Round size: Seed $750k–$43M; Series A $6.1M–$75M; Series B $3.7M–$354M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $1.4B in 2019

Portfolio highlights

  • Mui Lab — Mui is an aesthetically-pleasing wooden IoT device connected to a cloud service. By accessing information through natural wood, we can rethink a new type of lifestyle.
  • Flosfia — FLOSFIA is a spin-off from a research of Kyoto University, specializing in film-formation by mist chemical vapor deposition (CVD). Making use of physical properties of gallium oxide (Ga2O3), FLOSFIA has devoted to development of low-loss power devices.
  • Fermelanta — Fermelanta produces rare plant-based ingredients through microbial fermentation. It engineers a cell to build a biosynthetic pathway of target molecules with gene transfer and disruption.
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Mobile Internet Capital
VC Fund · Tokyo, Tokyo, Japan · 6 investments in Japan Medical startups, 6 in the past 12 months

Mobile Internet Capital (MIC) keeps up on the latest developments of Mobile Internet technologies and services at a high level, and continues to be a venture capital with both technical expertise and execution capability.

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Investment focus

  • Industry: Software, Mobile, Internet
  • Stage:Seed, Series A
  • Geography: Japan, United States, China

Investor stats

  • Total investments: 123
  • Round size: Seed $1M–$33M; Series A $2.8M–$85M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $1.5B in 2019

Portfolio highlights

  • Grafenary — Graphenary creates unique graphene optical devices using graphene materials with a variety of remarkable features.
  • SecureNavi — SecureNavi offers automation tools for the information security management system. It reduces conventional analogue operations using excel and word. For inquiries, telephone numbers and physical addresses are available on their website.
  • NanoFrontier — NanoFrontier continues to market technologies that are widely available and incredibly inexpensive.
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Mizuho Capital
VC Fund · Tokyo, Tokyo, Japan · 6 investments in Japan Medical startups

Mizuho is the venture capital firm affiliated to Mizuho Bank, the second-largest Japanese bank in terms of assets. The firm has headquarters in Tokyo.The firm has ¥49.6 billion JPY under management, focusing on information technology and biotechnology investments. Over 600 Mizuho companies have gone public. According to Nikkei, Mizuho is thefifth-largest venture capital firm in Japan.Mizuho Capital was formed in 2002 by the merger of Fujigin Capital, Tokyo Venture Capital and IBJ Investment. Three firms were subsidiaries of Fuji Bank, Dai-Ichi Kangyo Bank and the Industrial Bank of Japan respectively.

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Investment focus

  • Industry: Information Technology, Software, Internet
  • Stage:Series A, Series B
  • Geography: Japan, United States, Singapore

Investor stats

  • Total investments: 459
  • Round size: Series A $1.8M–$115M; Series B $2.4M–$340M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — raised $1.4B in 2020

Portfolio highlights

  • CaTe
  • FunPep — FunPep is an Industry-university collaboration bioventure company.
  • Triorb — Triorb is a technology company that specializes in robot mobility development with the help of software and hardware solutions.
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DBJ Capital
VC Fund · Otemachi, Tokyo, Japan · 6 investments in Japan Medical startups

DBJ Capital Co., Ltd. was founded in June 2010 through the integration of two venture capital firms of the DBJ Group, New Business Investment Co., Ltd. and Intellectual Properties Development & Investment, Inc. We are a wholly-owned subsidiary of Development Bank of Japan Inc.At DBJ Capital, we focus on venture firms which use newtechnologies and business models to grow and compete on the global market, regardless of their industry or scale. To meet the particular needs of each client, we mobilize the entire DBJ Group to arrange the best investment solutions, ranging from growth-spurring equity investment to financing schemes drawing on DBJ's vast networks.We also assist in venture start-ups. Our value enhancement team provides the kind of comprehensive, hands-on support needed to commercialize outstanding intellectual property and technologies developed by firms, research labs, and universities, and to carve out a place for them in the market.DBJ Capital will continue to play in a part in Japan's economic revival - by helping the firms we invest in to grow, and by encouraging the creation of new industries in Japan.

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Investment focus

  • Industry: Software, Health Care, Medical
  • Stage:Series A, Series B
  • Geography: Japan, United States, Australia

Investor stats

  • Total investments: 155
  • Round size: Series A $2.7M–$113M; Series B $6.9M–$354M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Ginco — Ginco's goal is to Change the relationship between individuals and assets by making full use of block chain technology. The primary focus of Ginco, its cryptocurrency wallet app, is centered around dApp and the On-Chain function, and the company plans to expand its business in a multifaceted manner while watching trends in the ecosystemdevelopment. In the future, they were told that they have the possibility of developing with DEXs (decentralized exchanges).
  • Shonai — Shonai is a real estate company that focuses on the development of residential and commercial properties.
  • Scohia Pharma — Scohia Pharma is a biotech venture that will have both substantial research and development resources and be nimble enough to make decisions quickly, will strive to improve patient quality of life by providing patients and healthcare professionals with new therapeutic medications for renal, metabolic.
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UTokyo Innovation Platform
VC Fund · Tokyo, Tokyo, Japan · 5 investments in Japan Medical startups, 10 in the past 12 months

The University of Tokyo IPC is a company responsible for expanding the innovation ecosystem of the University of Tokyo. Accelerate global innovation from the University of Tokyo through three activities: start-up support, investment business, and corporate innovation support.It was established as a wholly-owned subsidiary of the University ofTokyo in 2016 with the enforcement of the revised law of the Industrial Competitiveness Enhancement Law, which is the basis law. The investment targets of the Todai IPC are venture companies that utilize the research results and human resources of the University of Tokyo, but they also make FOF (fund of funds) investments in funds managed by some private venture capital companies. In 2019, it started a consortium-type incubation program (University of Tokyo IPC 1stRound) to support the establishment and financing of Tokyo University-related ventures.

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Investment focus

  • Industry: Biotechnology, Medical, Manufacturing
  • Stage:Series A, Series B
  • Geography: Japan, United States, United Kingdom

Investor stats

  • Total investments: 65
  • Lead/follow: no public data

Portfolio highlights

  • Issin — Issin manufactures bath mats that can measure weight and automatically record daily weight changes on your smartphone.
  • RoboTruck — RoboTruck develops autonomous driving technologies for huge trucks, as well as practical applications.
  • Leading Mark — Leading Mark, a rising human resources startup in Japan. Leading Mark is branching out into mid-career and international hiring. It currently has a one-man team in China working to bring the top Japanese-speaking Chinese students to domestic companies. He also touts his startup’s focus on the average job seeker. “We want to make sure that the usersget the info that he or she needs the most,” he says. Large scale, legacy players can sometimes prioritize the needs of the hiring company, and their commission, over the needs of applicants themselves. This leads to frustration and short-circuited careers.
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Coral Capital
VC Fund · Tokyo, Tokyo, Japan · 5 investments in Japan Medical startups, 10 in the past 12 months

Coral Capital is a seed stage venture capital firm in Japan.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: Japan, United States, Denmark

Investor stats

  • Total investments: 102
  • Round size: Seed $1M–$30M; Series A $2.7M–$99M; Series B $3.3M–$184M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $128M in 2021

Portfolio highlights

  • Henry — Henry develops and provides a cloud-based electronic medical record and receipt system for small and medium-sized hospitals.
  • Ruten — Ruten is a brain-machine interface company that specializes in reconstructive treatments for infeasible and ineffective conditions.
  • Tokenz — Tokenz is your all-in-one platform for global digital payments, cross-border tax compliance, and seamless payouts.
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Nippon Venture Capital
VC Fund · Tokyo, Tokyo, Japan · 5 investments in Japan Medical startups, 15 in the past 12 months

Nippon Venture Capital ("NVCC"), established in 1996 as one of the few largest Japanese independent venture capital firms, is destined to undertake the unprecedented task of providing full-range venture capital services in cooperation with major Japanese business leaders and leading companies, which have supported and nurtured various newbusinesses on their own, as well as proactively developing new venture enterprises.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Series A, Series B
  • Geography: Japan, United States, Indonesia

Investor stats

  • Total investments: 169
  • Round size: Series A $1.5M–$74M; Series B $3.3M–$269M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: Likely still investing — raised $278M in 2023

Portfolio highlights

  • Menou — MENOU specializes in AI technology and sensing technology. It features a graphical image identification modeler software.
  • Space BD — Space BD aims to become a one-stop shop to respond to all issues related to industrialization of space, and alleviate the work of businesses that are developing new technologies.
  • Neusignal Therapeutics — Neusignal Therapeutics is a medical company that develops therapeutic medicines for dementia and psychiatric illnesses.
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MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC)
VC Fund · Tokyo, Tokyo, Japan · 5 investments in Japan Medical startups

MSIVC is a venture capital firm that invests in Japanese and global startups scaling to IPO. It focuses on startups in verticals of Fintech, SaaS, Healthcare, AI, E-Commerce, Foodtech, and Environment etc.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series B
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 224
  • Round size: Seed $1.1M–$33M; Series B $1.8M–$198M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: Likely still investing — raised $1.4B in 2021

Portfolio highlights

  • Balus — Balus provides motion capture, Unity systems, and AR live permanent venues.The company provides character content infrastructure using real-time animation, we also support the production of original content. Balus provides the necessary technology for event planning, casting, VR events, recording and creation of production images, real-timemotion capture during live events, real-time transmission, event management, and systems that allow users to participate in the production.
  • KiteRa — KiteRa is a cloud service that allows you to create and operate work rules and company rules.
  • Peco Free — Peco Free is a school meal pre-order service that is selected using a smartphone.
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IT-Farm
VC Fund · Tokyo, Tokyo, Japan · 5 investments in Japan Medical startups

IT-Farm is a venture capital firm which specializes in seed, start-up, and early stage companies. It primarily invests in mobile, big-data, connected car, IoT, OTT service, Helth care, Bio Tech and other IT industries. The firm actively invests in SF bay area and Japan, as well as other geometries including Asia and Europe. We support portfoliocompanies, especially on the partnership with Japanese enterprises.

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Investment focus

  • Industry: Software, Health Care, Medical
  • Stage:Seed, Series A
  • Geography: United States, Japan, Germany

Investor stats

  • Total investments: 120
  • Round size: Seed $1.8M–$9.3M; Series A $1.8M–$20M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • BitBiome — BitBiome is a microbiome analysis company that aims to discover and understand disease-linked microorganisms. Its, single-cell whole-genome analysis platform specifically targets microbes and can be used on uncultured, raw samples, providing unprecedented strain-level quantitative and functional insights.THe company was founded in 2018 and isbased in Japan.
  • TopoLogic — TopoLogic designs and manufactures heat flow sensors, thermoelectric conversion devices, and topological and novel spintronics materials.
  • Global Equipment Services — As a strategic partner to developers of multi-sector products, Averna provides innovative automated testing tool and quality assurance solutions.
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QB Capital
VC Fund · Fukuoka, Fukuoka, Japan · 4 investments in Japan Medical startups

QB Capital is make equity investments in venture companies.

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Investment focus

  • Industry: Manufacturing, Medical, Biotechnology
  • Stage:Seed, Series A
  • Geography: Japan, Singapore, United States

Investor stats

  • Total investments: 54
  • Round size: Seed $641k–$43M; Series A $1.3M–$213M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: May invest from a new fund soon — raised $429M in 2015

Portfolio highlights

  • Eco-Pork — Eco-Pork is a co-creation solution farm that supports farmers' food productivity improvement. It is connecting the pig and technology, pork ( Pork ) new business ecosystems ( Ecosystem By building a), in the pork growing demand around the world, to get the most out of the food supply capacity is finite.
  • Equmenopolis — Equmenopolis is an information services company that specializes in conversational AI agent platforms and application developments.
  • Surv Biopharma — Surv Biopharma develops a drug discovery platform that facilitates research and development of veterinary drugs and pharmaceutical products.
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FFG Venture Business Partners
VC Fund · Fukuoka, Fukuoka, Japan · 4 investments in Japan Medical startups

FFG Venture Business Partners is a large-scale enterprise that offers in traditional regional bank venture capital.

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Investment focus

  • Industry: Software, Health Care, Artificial Intelligence
  • Stage:Series A, Seed
  • Geography: Japan, Indonesia, United States

Investor stats

  • Total investments: 83
  • Round size: Seed $1M–$50M; Series A $1.2M–$46M
  • Lead/follow: 8% lead, 92% follow
  • Last fund: May invest from a new fund soon — raised $691M in 2020

Portfolio highlights

  • MW — MW is a smart home solution company that develops smart residential physical AI, robotics, and home design services.
  • InsightX — InsightX is a technology platform focused on empowering businesses by simplifying complex processes and enabling smarter, more personalized user experiences.
  • Neusignal Therapeutics — Neusignal Therapeutics is a medical company that develops therapeutic medicines for dementia and psychiatric illnesses.
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Incubate Fund
VC Fund · Tokyo, Tokyo, Japan · 4 investments in Japan Medical startups

Incubate Fund is an independent early-stage venture capital that specializes in providing capital to technology startups at the seed stage. The firm built a portfolio of over 300 companies in Asia, taking 12 companies to public and 20 companies to M&A exit since 2010.

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Investment focus

  • Industry: Software, Information Technology, E-Commerce
  • Stage:Seed, Series A
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 293
  • Round size: Seed $314k–$18M; Series A $2.7M–$91M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — raised $2.4B in 2021

Portfolio highlights

  • Akari Hosho — Akari Hosho provides a group of trusted professionals, including lawyers and judicial scriveners. Akari Hosho provides a guarantee service.
  • Black Cat Carnival — Black Cat Carnival Inc. is a communication service development company.
  • Carbon CryoCapture — Carbon CryoCapture specializes in the carbon dioxide separation systems aimed at creating economically viable, energy-efficient, and genuinely sustainable CO2 separation and recovery technologies. The company is dedicated to deploying cost-effective, efficient systems for CO2 capture that integrate smoothly with current infrastructures, all whileenhancing energy consumption and production. This enables clients to attain zero emissions throughout the development and application of resources.
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Tsukuba Institute of Research
VC Fund · Ibaraki, Osaka, Japan · 4 investments in Japan Medical startups

Tsukuba Institute of Research (筑波総研) is an R&D center owned by housing and wood products group Sumitomo Forestry. The facility develops technologies to make more effective use of wood in a wide range of fields.

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Investment focus

  • Industry: Medical, Biotechnology, Manufacturing
  • Stage:Series A, Seed
  • Geography: Japan

Investor stats

  • Total investments: 7
  • Round size: Series A $3M–$106M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • LIGHTz — LIGHTz delivers a technology transfer and information exchange platform leveraging AI.
  • Celaid Therapeutics — Celaid Therapeutics specializes in manufacturing and sales of regenerative medicine products utilizing human hematopoietic stem cells.
  • Veneno Technologies — Veneno Technologies engages in the research and development of therapeutic disulfide-rich peptides and contribute to advanced medicine.
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Fujifilm
VC Fund · Tokyo, Tokyo, Japan · 4 investments in Japan Medical startups

Fujifilm develops and sells consumer products and business products related to photography. Fujifilm Holdings Corporation is a Japanese multinational photography and imaging company. The company serves various industries, including medical, graphic arts, optics, enterprise storage, motion picture, and photography.The company’s consumer productsare categorized as digital cameras and accessories, film photography, Instax photography, and binoculars. Its business products are categorized as medical systems, Fujinon endoscopy, microfilm, data storage, graphic arts and printing, professional video, optical devices, specialty chemicals, printing imaging colorants, and more. Color films, digital cameras, photofinishing equipment, color papers, photofinishing chemicals, medical imaging equipment, graphic arts equipment and materials, flat panel displays, and photocopiers and printers are some products developed by Fujifilm USA.Fujifilm USA is based in Minato-ku, Tokyo, Japan.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Corporate Round
  • Geography: Japan, United States, China

Investor stats

  • Total investments: 25
  • Round size: Series A $15M–$425M; Corporate Round $1.3M–$1.7B
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Ripcord — Ripcord is a robotics company that combines hardware and software robotics via an integrated SaaS offering. Its focus is on smart robotics digitization, smart content management with AI, and helping enable RPA and business processes.Ripcord is based in Hayward, California, and is backed by leading investors Kleiner Perkins Caufield & Byers,Google Ventures, Lux Ventures, Legend Star, and Apple Co-Founder Steve Wozniak.
  • Rapidus — Rapidus is an Electronic component research, development, design, production, and sales that includes semiconductor elements and integrated circuits. Environmentally friendly, energy-saving semiconductors and semiconductor manufacturing technology are being researched and developed. Human resource development and training for the semiconductorsector.
  • VALANX Biotech — VALANX Biotech is a site-specific protein conjugation platform to enable fast and cost efficient protein-drug-conjugates development.
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Higin Capital
VC Fund · Kumamoto, Kumamoto, Japan · 4 investments in Japan Medical startups

Higegin Capital is a venture capital firm.

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Investment focus

  • Industry: Medical, Biotechnology, Software
  • Stage:Series A, Series B
  • Geography: Japan

Investor stats

  • Total investments: 24
  • Round size: Series A $1.2M–$75M; Series B $3.8M–$14M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — raised $137M in 2020

Portfolio highlights

  • Molmir — Molmir is a biotech company that conducts research and develops treatments for intractable diseases based on sensing technology.
  • Photo Electron Soul — Photo electron Soul mission is to innovate the world of "seeing (fine observation)" and "creating (fine processing)" through the development of photocathode electron beam technology. The photocathode electron beam technology developed by our company will produce next generation electron beams with high performance andversatility (pulse structure, low dispersion, large current). By renewing the electron beam, which is a key device for industrial equipment such as electron microscopes, semiconductor device manufacturing / inspection equipment, and metal 3D printers, it is possible to realize fine observation, fine processing, high throughput, etc. Breakthroughs in a wide range of fields such as science, materials, and electronics.
  • Restore Vision — Restore Vision is a startup based in Japan aiming to develop a visual restoration gene therapy.
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Real Tech Japan
VC Fund · Sumida, Tokyo, Japan · 4 investments in Japan Medical startups

Real Tech Japan is a venture capital firm that seeks to invest in innovative R&D technology companies. Realtech Fund is a joint venture between the Ministry of Economy, Trade, and Industry and NEDO (New Energy and Industrial Technology Development Organization). The firm was founded in 2014 and based in Tokyo, Japan.

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Investment focus

  • Industry: Manufacturing, Biotechnology, Medical
  • Stage:Series A, Seed
  • Geography: Japan, Singapore, Austria

Investor stats

  • Total investments: 79
  • Round size: Seed $1.2M–$43M; Series A $6M–$241M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Ashirase — Ashirase is a developer of a walking navigation system for the visually challenged. The company assists visually impaired people in walking independently. This also allows the user to have more attention to spare for audible warnings in their environment. It includes voice input and guidance via a smartphone app. A vibration interface is attachedto their shoes.
  • Ken Robotec — Ken Robotec is a construction company that provides labor-saving solutions.
  • MaterialGate — MaterialGate focuses on single-molecule dielectrics, developing technologies for devices with better electronic characteristics.
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ASICS Ventures Corporation
VC Fund · Kobe, Kyoto, Japan · 4 investments in Japan Medical startups

Welcome to ASICS Ventures website

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Investment focus

  • Industry: Health Care, Medical, Sports
  • Stage:Seed, Series A
  • Geography: Japan, India, Canada

Investor stats

  • Total investments: 20
  • Round size: Seed $1.8M–$43M; Series A $7.6M–$15M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $27M in 2016

Portfolio highlights

  • RebuilderAI — A new way to bring imagination into the real world
  • Pickleball One — Pickleball one is to become an enabler of the pickleball industry , spreading the joy of "Fun as one" to the world.
  • Digital Entertainment Asset — DEA is an Entertainment Solution Company that continues to propose next-generation solutions to challenges through Web3, gaming mechanisms, and the utilization of DePIN.
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Angel Bridge
VC Fund · Tokyo, Tokyo, Japan · 4 investments in Japan Medical startups, 20 in the past 12 months

Angel Bridge is a angel investor groups in Japan and provide high quality and abundant funds to excellent companies.

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Investment focus

  • Industry: Information Technology, Software, Consulting
  • Stage:Series A, Seed, Series B
  • Geography: Japan

Investor stats

  • Total investments: 72
  • Round size: Seed $792k–$62M; Series A $2.8M–$25M; Series B $6.5M–$47M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: May invest from a new fund soon — raised $152M in 2019

Portfolio highlights

  • Recerqa — Recerqa is a supply chain management SaaS that utilizes advanced development technology and AI to improve the purchasing, inventory, and sales management experiences.
  • Mign — Mign offers a generative AI-related SaaS solutions for the construction and real estate fields.
  • Henry — Henry develops and provides a cloud-based electronic medical record and receipt system for small and medium-sized hospitals.
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Miraidoa
VC Fund · Kyoto, Kyoto, Japan · 4 investments in Japan Medical startups

Future Venture Capital Co., Ltd. is a venture capital firm specializing in early stage investment. The firm invests in diversified investment in a broad range of industrial sectors. It seeks to invest in Japan. The firm prefers to be the lead investor in its portfolio companies. Future Venture Capital Co., Ltd. was founded in 1998 and is based inKyoto, Japan with offices in Tokyo, Aomori, Iwate, Yamagata, Kanazawa, Mie, Sakai, Kobe, and Ehime.

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Investment focus

  • Industry: Health Care, Manufacturing, Information Technology
  • Stage:Seed, Series A
  • Geography: Japan, United States, Myanmar

Investor stats

  • Total investments: 148
  • Round size: Seed $933k–$30M; Series A $1.2M–$58M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: May invest from a new fund soon — raised $36M in 2020

Portfolio highlights

  • Naorai — Naorai is a food and beverage firm that manufactures wine, beer, spirits, and non-alcoholic beverages.
  • Dioseve — Dioseve is providing novel possibilities for all life.
  • Flosfia — FLOSFIA is a spin-off from a research of Kyoto University, specializing in film-formation by mist chemical vapor deposition (CVD). Making use of physical properties of gallium oxide (Ga2O3), FLOSFIA has devoted to development of low-loss power devices.
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Astellas Venture Management
VC Fund · Menlo Park, California, United States · 3 investments in Japan Medical startups

Gene Therapy Company | Rare Genetic Disease

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series B, Series A
  • Geography: United States, United Kingdom, Japan

Investor stats

  • Total investments: 70
  • Round size: Series A $10M–$65M; Series B $12M–$50M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: May invest from a new fund soon — last raise in 2005

Portfolio highlights

  • SyntaxBio — SyntaxBio develops CRISPR/Cas9-based, genetic programming platform that converts cells into biological computers using DNA-based instructions that read like lines of code. SyntaxBio's platform can program cells without the need for consistent external intervention.
  • Solu Therapeutics — Solu Therapeutics is a dynamic group of hard-working professionals dedicated to transforming the treatment of diseases by developing groundbreaking medicines.
  • Restore Vision — Restore Vision is a startup based in Japan aiming to develop a visual restoration gene therapy.
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MTG Ventures
VC Fund · Nagoya, Aichi, Japan · 3 investments in Japan Medical startups

MTG Ventures is the corporate venture capital arm of MTG that invests in beauty and wellness tech, food tech, and sports tech sectors.

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Investment focus

  • Industry: Health Care, Manufacturing, Marketing
  • Stage:Seed, Series A
  • Geography: Japan

Investor stats

  • Total investments: 43
  • Round size: Seed $531k–$16M; Series A $2.6M–$142M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Dwilar — Dwilar is a proptech company that provides AI-powered leasing solutions tailored for international buyers seeking property. Their platform enables users to design flexible lease agreements with the option to own, allowing for property customization and renovation during the lease period. By avoiding dollar-denominated loans, it minimizes currencyexchange risks and offers a streamlined and personalized path to property acquisition.
  • Synflux — Synflux is a fashion lab comprising of fashion designers, software engineers & architects focused on fashion industry.
  • EF Polymer — EF Polymer Private Limited providing 100% Organic and fully Biodegradable Super Absorbent Polymer cum Fertilizer to reduce Water and Fertilizer requirement for your plant. Let's grow organically.
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ITOCHU Technology Ventures
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Medical startups

ITOCHU Technology Ventures (ITV), based in Tokyo, is the venture capital arm of ITOCHU Corporation. ITOCHU is one of the world's largest corporations with offices in over 80 countries and operations that cover a broad spectrum of industries. ITV's mission is to invest and help build leading information technology companies by leveraging avast array of resources both domestically and internationally throughout ITOCHU and its group companies. The ITOCHU group has a long history of funding information technology companies with successes including Siebel Systems, NVIDIA, Openwave and Aruba Networks. Current portfolio includes, Box, Fab, Ooyala, WHILL, Tokyo Otaku Mode, etc.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Series A, Series B
  • Geography: Japan, United States, Belgium

Investor stats

  • Total investments: 144
  • Round size: Series A $4M–$128M; Series B $4.2M–$213M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $1.5B in 2019

Portfolio highlights

  • NodeX — We build open-source embedded software and cloud tools to help developers build secure IoT products, simply. By leveraging decentralized identity and h/w root of trust technology, IoT security platform "UNiD" enables developers to automate device management and easily build secure data pipeline between every devices and the cloud.
  • Simplex Quantum — Simplex Quantum conducts research and development of AI-based solutions in the healthcare field and operates the SQ-bar service.It also offers the Shinden-kun, a portable device that can analyze the measured electrocardiographic information with AI and detect heartbeat turbulence.It was established on October 3, 2014 and headquartered inTakanawa, Minato-ku.
  • Link Therapeutics — Link Therapeutics specializes in developing therapeutic methods for targeting autoantibodies and identifying pathogenic autoantibodies.
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Shoko Chukin Bank
VC Fund · New York, New York, United States · 3 investments in Japan Medical startups, 42 in the past 12 months

Shoko Chukin Bank is a financial company offering personal banking services.

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Investment focus

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Debt Financing, Series B
  • Geography: Japan, Singapore, Canada

Investor stats

  • Total investments: 152
  • Round size: Series B $5.8M–$156M; Debt Financing $678k–$97M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Trifa — Trifa is a telecommunications service provider that provides eSIM internet access when traveling internationally.
  • Mjolnir Spaceworks — Mjolnir Spaceworks desings and manufactures state-of-the-art novel space rockets with efficient engines as well as other space equipments.
  • Monozukuri Business Succession Holdings (JMS) — Monozukuri Business Succession Holdings is a specialized corporate investment subsidiary. The platform modernizes mid-sized manufacturing firms facing generational leadership transitions. Strategic institutional banking partnerships protect public shareholder equity from dilution. After acquisition, the firm installs professional management andautomated factory systems. All operational yields consolidate into the parent organization to drive long-term growth.
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DOGAN beta
VC Fund · Fukuoka, Fukuoka, Japan · 3 investments in Japan Medical startups

They believe that the fundamental challenge facing the local economy is the lack of employment diversity. Although it is a simple example, it is easier to understand if you compare the Tokyo metropolitan area with Kyushu and list the companies that can achieve annual income of 10 million yen at the age of 30 (probably with a head office in KyushuMost companies with the highest annual income will be infrastructure company

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Investment focus

  • Industry: Information Technology, Health Care, Internet
  • Stage:Seed, Series A
  • Geography: Japan

Investor stats

  • Total investments: 40
  • Round size: Seed $37k–$10M; Series A $1.5M–$340M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • ZIFISH — ZIFISH promotes digital transformation in the fishing business by leveraging AI and IoT technology. Its main focus is to develop and operate smart weighing systems and distribution platforms for fish captures.
  • Digireha — Digireha is an IT company that provides a tool for rehabilitation by combining digital art and sensors.
  • 12 Pharmacy — 12 Pharmacy is a pharmaceutical company that specializes in manufacturing and providing medicines and services for veterinary hospitals.
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Iwagin Jigyo Souzou Capital
VC Fund · Morioka, Iwate, Japan · 3 investments in Japan Medical startups

Iwagin Jigyo Souzou Capital utilizes industry-academia-government-financed networks to support venture companies. The company was established with the aim of continually working to support entrepreneurship and founding under the management philosophy of contributing to regional revitalization in Iwate.The company was founded in 2015 and isheadquartered in Morioka, Iwate.

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Investment focus

  • Industry: Software, Medical, Internet of Things
  • Stage:Series B, Seed
  • Geography: Japan

Investor stats

  • Total investments: 31
  • Round size: Seed $126k–$689k; Series B $585k–$213M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Robofull — Robofull is a manufacturing firm that specializes in the design and sale of automation equipment for factories to solve the labor shortage.
  • Tenchijin — Tenchijin is optimiz human civilization using space big data.
  • Cardio Intelligence — Cardio Intelligence develops an AI automated diagnostic system.
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Takeda
VC Fund · Osaka, Osaka, Japan · 3 investments in Japan Medical startups

Takeda is a global, research and development-driven pharmaceutical company committed to bringing better health and a brighter future to patients by translating science into life-changing medicines.

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Investment focus

  • Industry: Biotechnology, Health Care, Pharmaceutical
  • Stage:Grant, Corporate Round
  • Geography: United States, Japan, China

Investor stats

  • Total investments: 61
  • Round size: Grant $5k–$8.7M; Corporate Round $52M–$1.4B
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • BaseLaunch — We partner with scientists and entrepreneurs to help launch and grow exceptional biotech ventures, developing cutting-edge therapeutics.
  • Beacon Biosignals — AI + EEG to change the way patients are treated for disorders of the brain.
  • Innovent Biologics — Innovent Biologics, Inc. is a privately held biopharmaceutical company that is dedicated to the development and manufacturing of monoclonal antibodies to be marketed in China and elsewhere around the world. Innovent is funded by the venture arm of Fidelity, which is a major investment firm in the US, Lilly Ventures, and Suzhou bioBay. Theregistered capital is 30Million US Dollars. The founders and senior management team of Innovent have over 70 years of combined work experience in the discovery, development and manufacture of biologics in the US, Europe and worldwide and were involved in the launch of such products as Bexxar, Conbercept, Natrecor, Oncorine, Recombivax HB, and others.
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Honda Motor
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Medical startups, 7 in the past 12 months

Honda Motor Co Ltd is a Japanese public multinational corporation primarily known as a manufacturer of automobiles and motorcycles. It distributes motorcycles, scooters, all-terrain vehicles, side-by-sides, and more in the United States.The company conducts sales, marketing, and operational activities for cars, trucks, sport utilityvehicles, automobile parts and accessories, engines, generators, lawnmowers, tillers, trimmers, multi-purpose utility vehicles, outboard motors, pumps, scooters, and snowblowers through authorized Honda dealers.Honda Automobiles is also specialized in the design and development of race engines, chassis and performance parts, and technical support services.Honda Automobiles was founded in 1959 and is based in Torrance, California. It operates as a subsidiary of Honda Motor Co., Ltd.

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Investment focus

  • Industry: Manufacturing, Renewable Energy, Energy
  • Stage:Corporate Round, Series A, Series C
  • Geography: United States, Japan, Germany

Investor stats

  • Total investments: 40
  • Round size: Series A $3.3M–$64M; Series C $22M–$99M; Corporate Round $6.9M–$2B
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Helm.ai — Explore Helm.ai's AI software for high-end ADAS through Level 4 autonomous vehicles. Helm.ai offers a full suite of full-stack AI software, foundation models, and generative AI development and validation tools for production-bound projects.
  • PathAhead — PathAhead develops materials for road and infrastructure construction using underutilized desert sand. The company’s core product, Rising Sand, is an artificial aggregate engineered to provide high durability for paved roads. PathAhead focuses on improving road longevity and performance while using locally available sand resources. Its solutionstarget public infrastructure projects and private developers in regions with growing transportation networks. The organization works with partners including corporate backers to advance material development and deployment.
  • Rapidus — Rapidus is an Electronic component research, development, design, production, and sales that includes semiconductor elements and integrated circuits. Environmentally friendly, energy-saving semiconductors and semiconductor manufacturing technology are being researched and developed. Human resource development and training for the semiconductorsector.
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XTech Ventures
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Medical startups

XTech Ventures aims to achieve dramatic growth for investee companies by supporting entrepreneurship, multifaceted management support, and IPO support for the excellent middle class who are enthusiastic about entrepreneurship.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: Japan, Italy, United Arab Emirates

Investor stats

  • Total investments: 112
  • Round size: Seed $661k–$17M; Series A $2M–$85M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $415M in 2018

Portfolio highlights

  • Tacoms — CAMEL is a service that allows you to easily manage orders from multiple food delivery / takeout services on a single tablet.
  • Yondemy — Yondemy is an online platform for children reading books.
  • Yokohama Vanilla — Yokohama Vanilla is a Company which operates Yokohama-based gift sweets brand.
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Capital Medica Ventures
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Medical startups

Capital Medica Ventures is a venture capital firm based in Tokyo, Japan with a focus on startups in the healthcare industry.Capital Medica Ventures is a venture capital that operates a venture fund specializing in the healthcare field. It is the only healthcare-specialized VC in Japan that can provide 30 medical institutions as a business trialfield.

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Investment focus

  • Industry: Medical, Health Care, Software
  • Stage:Seed, Series A
  • Geography: Japan

Investor stats

  • Total investments: 13
  • Round size: Seed $403k–$17M; Series A $15M–$50M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • AMI — AMI Corp is engaged in medical consulting, medical device development and writing.
  • Do. Sukasu — Do. Sukasu is a software company that specializes in the development of visual space perception ability for brain science approaches.
  • HEAL-lll — HEAL-lll is a multifaceted firm that merges healthcare, technology, and gamification to promote individual and organizational well-being.
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KSP
VC Fund · Kawasaki, Kanagawa, Japan · 3 investments in Japan Medical startups

KSP, Inc. is the core business entity responsible for operating the Kanagawa Science Park (KSP) and has accepted the challenge of creating new industries through the support, development, and incubation of venture businesses. We provide a variety of business support services that best meet the needs of venture businesses in each stage of theirbusiness growth, ranging from the processes of startup and growth to public offerings. Several hundreds of new startup companies have been created and nurtured since its foundation. An incubation manager (IM) acts as a coordinator and provides a variety of support services to a venture company to help them successfully launch and develop their new business, such as offering individual consultations and a variety of information or advice. KSP, Inc. is well poised to cope with the varying needs of new ventures for highly sophisticated, specialized tasks by offering a business school, business support center, business matching services, and investment funds.The public sector, such as the Kanagawa prefectural government, Kawasaki city government, and the Development Bank of Japan, Inc., has an equity participation in KSP, thus playing a vital role in the deployment of local industrial development policy.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B
  • Geography: Japan

Investor stats

  • Total investments: 36
  • Lead/follow: no public data

Portfolio highlights

  • 3DC — 3DC develops and manufactures a new carbon material, graphene meso sponge (GMS), for electrodes in next-generation batteries, capacitors, fuel cells and other energy storage and generation devices.
  • THE PHAGE — The phage is a medical device company that focuses on developing AI technology to predict postprandial blood glucose levels.
  • Mira Robotics — Mira Robotics is a software based company provide services that can robots in various fields.
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Senshu Ikeda Capital
VC Fund · Osaka, Osaka, Japan · 3 investments in Japan Medical startups

Senshu Ikeda Capital offers financial consultancy services.

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Investment focus

  • Industry: Software, Manufacturing, Internet
  • Stage:Series A, Seed
  • Geography: Japan

Investor stats

  • Total investments: 66
  • Round size: Seed $1M–$61M; Series A $1.9M–$92M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — raised $177M in 2019

Portfolio highlights

  • JiMED — JiMED designs & develops AI based brain-computer interface for implant in ALS patients to improve communication.
  • Molmir — Molmir is a biotech company that conducts research and develops treatments for intractable diseases based on sensing technology.
  • LEP
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Quantum Leaps Ventures
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Medical startups

Quantum Leaps Ventures establish and invest in internet and technology companies.

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Investment focus

  • Industry: Consulting, Health Care, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Japan, Malaysia

Investor stats

  • Total investments: 23
  • Round size: Seed $300k–$9.2M; Series A $961k–$2M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Dots for — Welcome to Dots for Inc.
  • Swell — Swell is an information technology company that specializes in providing web and digital platforms.
  • {RECEIPT}ROLLER — Receiptroller offers services without registration and receives electronic receipts. Receipts can be delivered online, saving people from wasting paper. Electronic receipts are sent to users without registration. Additionally, it receives an electronic receipt with an email, SMS, line, or app address.
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ANOBAKA
VC Fund · Shibuya, Kanagawa, Japan · 3 investments in Japan Medical startups

ANOBAKA is a Tokyo-based venture capital firm with rich group resources to add value to seed-stage startups. ANOBAKA actively invests in and supports startups aiming to be a global leader in the innovative Internet business and promising to greatly grow up in the future. ANOBAKA's investment focuses on fledgling seed-stage startups. Inaddition to investment financing, ANOBAKA provides founders with a variety of business support such as development consulting by our engineers, sales support, and international marketing support.

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Seed, Series A
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 162
  • Round size: Seed $382k–$14M; Series A $4.9M–$99M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • CFOne — CFOne is an AI-driven accounting platform engineered by an accounting firm.
  • Kakutoku — Nitlon Inc. provides crowdsourcing management services. The company was founded by Seiya Mitsuda on February 02, and is headquartered in Beppu, Japan.
  • AlarmBox — AlarmBox develops services that make use of professional knowledge of technology and corporate screening, and changes common sense of risk management of enterprise.
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Gogin Capital
VC Fund · Matsue-shi, Shimane, Japan · 3 investments in Japan Medical startups, 14 in the past 12 months

Gogin Capital provides financial services and invests in insurance companies.

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Investment focus

  • Industry: Consulting, Manufacturing, Medical
  • Stage:Series B, Series A, Seed
  • Geography: Japan, Kenya

Investor stats

  • Total investments: 38
  • Round size: Seed $755k–$21M; Series A $2.7M–$82M; Series B $2.6M–$16M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Imiron — Imiron the process and tools used for modeling mathematical behavior in order to comprehend its fundamentals.
  • Monochrome — Monochrome is creating a home operating system in order to power the next generation of energy-producing homes and roofs. The company is based in Chuo Ward, Tokyo.
  • Neusignal Therapeutics — Neusignal Therapeutics is a medical company that develops therapeutic medicines for dementia and psychiatric illnesses.
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Kyoto Capital Partners
VC Fund · Kyoto, Kyoto, Japan · 3 investments in Japan Medical startups

Kyoto Capital Partners is an investment company affiliated with the Bank of Kyoto.

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Investment focus

  • Industry: Health Care, Manufacturing, Medical
  • Stage:Seed, Series A, Series B
  • Geography: Japan

Investor stats

  • Total investments: 38
  • Round size: Seed $102k–$2.9M; Series A $955k–$29M; Series B $1.2M–$16M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Akari Hosho — Akari Hosho provides a group of trusted professionals, including lawyers and judicial scriveners. Akari Hosho provides a guarantee service.
  • Scohia Pharma — Scohia Pharma is a biotech venture that will have both substantial research and development resources and be nimble enough to make decisions quickly, will strive to improve patient quality of life by providing patients and healthcare professionals with new therapeutic medications for renal, metabolic.
  • Monozukuri Business Succession Holdings (JMS) — Monozukuri Business Succession Holdings is a specialized corporate investment subsidiary. The platform modernizes mid-sized manufacturing firms facing generational leadership transitions. Strategic institutional banking partnerships protect public shareholder equity from dilution. After acquisition, the firm installs professional management andautomated factory systems. All operational yields consolidate into the parent organization to drive long-term growth.
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JIC Venture Growth Investments
VC Fund · Marunouchi, Tokyo, Japan · 3 investments in Japan Medical startups

JIC-VGI helps promote innovation and improve its international competitiveness through growth-investments in startup companies. The firm accelerating innovation and helping to solve industrial and social issues by supporting and seeking innovative technologies and new businesses.JIC Venture Growth Investments was established in July 2020 and isbased in Tokyo, Japan.

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Investment focus

  • Industry: Information Technology, Software, Medical
  • Stage:Series B, Series C
  • Geography: Japan, Singapore, United States

Investor stats

  • Total investments: 101
  • Round size: Series B $4.1M–$142M; Series C $5.3M–$354M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • FLUX — FLUX provide “FLUX Header Bidding Solution” that creates fair competition opportunities and significantly increases advertising revenue within the header bidding server, ad requests are sent to SSPs and ad exchanges all at once, so it is possible to have a pure price competition without prioritization, and to determine the highest bid amount andvalue of the advertising space. I can. Then, the price of the highest bid ad in the header bidding and the ad set in the ad server are competed, and the ad with the higher bid is delivered.
  • Atom — Atom is a humanoid robot built platform. Its bipedal, dual-armed robots are designed not just as industrial tools but as collaborators that expand human capability. By combining advanced Physical AI—environmental perception, judgment, and action planning—with robust robotic hardware, Atom is creating adaptive agents capable of working acrossdiverse settings to augment or, where appropriate, replace human labor. The company positions these robots as a next step in societal evolution: a new class of machines that learn and behave in human-like ways to advance productivity, safety, and quality of life.
  • Strand Therapeutics — Clinical-stage biotech developing breakthrough mRNA therapeutics with targeted delivery systems for solid tumors, autoimmune diseases, and blood cancers.
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Medical Investor funding in Japan at a glance

Stats across 634 deals from 767 investors.

767
investors
in Japan Medical startups
634
deals
in Japan Medical startups
$16M
median round
in Japan Medical startups
25%
lead investors
lead at least one round
22%
Seed
most common funding stage
93/7
VC / Angel
share of investor count

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